- DraftKings is competing in the fast-growing online sports betting market with immense potential.
- However, due to extreme competitive reasons, the company may experience growth pressures, losses, and potential dilution.
- Further, unlike other prominent competitors, because DraftKings only focuses on online sports betting, the competitive risk may be the greatest.
- Therefore, I believe it is safer and more reasonable for investors to wait on the sidelines until these risks dissipate before investing in DraftKings.
For further details see:
DraftKings: Great Company, But Don't Buy Yet